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Announced

Completed

Zanchin Automotive completed the acquisition of Toronto Retail Group from Mercedes-Benz.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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car dealership

Majority

Auto Services

Acquisition

Friendly

Canada

Domestic

Private

Completed

Single Bidder

Synopsis

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Zanchin Automotive, a full service dealer group, completed the acquisition of Toronto Retail Group, a car dealership of Mercedes-Benz, an automobile company. Financial terms were not disclosed. "We are excited that the AWIN and Zanchin teams have come together to further strengthen their connection to Mercedes-Benz in Canada. This move will allow Mercedes-Benz Canada to focus its efforts and resources on supporting a strong, independent national dealer network that includes the Toronto Retail Group – a network that can act with even more speed and agility to deliver the highest level of customer experience. We know that the AWIN/Zanchin group will continue to represent the three-pointed star with distinction, while benefiting greatly from the incredible team of Toronto Retail Group employees. Mercedes-Benz Canada truly looks forward to establishing this next chapter with AWIN/Zanchin in the months and years to come as we introduce Canadians to the next wave of incredible Mercedes-Benz vehicles," Eva Wiese, Mercedes-Benz Canada President and CEO.

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